PipTick Currency Index
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. This indicator uses a unique calculation formula that reflects the actual volume of the forex market. It is a weighted average of currency pairs values that form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency.
Currency Indexes
- USDX - US Dollar Currency Index
- EURX - Euro Currency Index
- GBPX - British Pound Currency Index
- CHFX - Swiss Franc Currency Index
- CADX - Canadian Dollar Currency Index
- JPYX - Japanese Yen Currency Index
- AUDX - Australian Dollar Currency Index
- NZDX - New Zealand Dollar Currency Index
Main Features
- The indicator shows index of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD)
- A simple comparison of strength and weakness of one currency
- Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
- The indicator is non-repainting
- Ready for backtesting
- Very fast calculation
- Available for MT4 and MT5
- Customizable parameters (Colors, Line thickness, Weights)
- The indicator works with prefix and suffix of symbols as well (EURUSD.m, EURUSD-pro...)
Input Parameters
- Currency_Index - Allows choosing the main currency for calculation. You can choose from USDX, EURX, GBPX, CHFX, CADX, JPYX, AUDX, NZDX
- Chart_Type - Allows choosing between types of chart output. You can choose candlesticks or line
- Line_Thickness - Thickness of the Currency Index line
- Label_Size - Size of the main currency label
- Text_Size - Size of the other currency labels
- Bars_Ago - Number of the bars displayed by the indicator. In case the Bars_Ago parameter is set to 0, all bars in the chart have been displayed
- Weight_USD - The USD weight coefficient
- Weight_EUR - The EUR weight coefficient
- Weight_GBP - The GBP weight coefficient
- Weight_CHF - The CHF weight coefficient
- Weight_CAD - The CAD weight coefficient
- Weight_JPY - The JPY weight coefficient
- Weight_AUD - The AUD weight coefficient
- Weight_NZD - The NZD weight coefficient
- Color_USD - Color of the USD line and label
- Color_EUR - Color of the EUR line and label
- Color_GBP - Color of the GBP line and label
- Color_CHF - Color of the CHF line and label
- Color_CAD - Color of the CAD line and label
- Color_JPY - Color of the JPY line and label
- Color_AUD - Color of the AUD line and label
- Color_NZD - Color of the NZD line and label
- UpBar_Color - Color of the up bar in the indicator
- DownBar_Color - Color of the down bar in the indicator
Output Parameters
- PipTick CI Open - The indicator output bar open value
- PipTick CI Close - The indicator output bar close value
- PipTick CI Candle Up - The indicator drawings output. Irrelevant for traders
- PipTick CI Candle Down - The indicator drawings output. Irrelevant for traders
- PipTick CI Candle Eraser - The indicator drawings output. Irrelevant for traders
- PipTick CI Wick Up - The indicator drawings output. Irrelevant for traders
- PipTick CI Wick Down - The indicator drawings output. Irrelevant for traders
- PipTick CI Wick Eraser - The indicator drawings output. Irrelevant for traders
Screenshots
Purchase
All our products are available in the MQL5 market.